The Entersekt Blog

Industry news, security threats, and technology advances in consumer authentication.

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GDPR: what’s good for your customers is good for you
15-02-2018|Jolette Roodt

GDPR: what’s good for your customers is good for you

Organizations from across Europe – and, in fact, the rest of the world – would be forgiven for seeing compliance with the European Union’s General Data Protection Regulation (GDPR) as just another burden on their already overstretched resources. The European finance industry has barely cleared its previous regulatory hurdle of the Revised Payment Services Directive (PSD2) kicking in a month ago, and now GDPR is demanding their full attention. Is there light at the end of this tunnel?
Authentication devices: are two better than one?
08-02-2018|Simon Rodway

Authentication devices: are two better than one?

At the end of 2017, two researchers at the University of Erlangen-Nuremberg in Germany discovered a weakness in the software that is used to protect 31 of the country’s mobile banking apps. As a result of this weakness, the researchers were able to successfully authenticate a transfer of money out of a banking account without the account holder’s permission.
What’s in store for Wi-Fi in 2018?
01-02-2018|Jolette Roodt

What’s in store for Wi-Fi in 2018?

In October 2017, Mathy Vanhoef and Frank Piessens from the University of Leuven in Belgium revealed the viability of what they term the “key reinstallation attack” (or KRACK). They demonstrated that it would be possible to interfere with the supposedly secure “four-way handshake” used to generate unique encryption keys for different users and during different sessions.
2018: a key year for financial services and security
23-01-2018|Alan Goode

2018: a key year for financial services and security

This year will be an important one for financial services, with security taking center stage in a number of pivotal trends and regulatory changes, including open banking and the arrival of new, flexible fintech services, as well as the activation of the European Union’s PSD2 and GDPR regulations. The latter will see a global ripple effect, directly affecting financial services organizations that do business in the EU and potentially also influencing regional legislators to emulate their European counterparts.
The (lock and) key to strong security
09-01-2018|Simon Rodway

The (lock and) key to strong security

Let me begin with a short story, a true story. A good friend of mine’s house was recently broken into. He was asleep in bed when this event took place, and he heard nothing. In fact, when he got up in the morning, he didn’t even notice at first that the event had taken place, such was the subtlety of the break-in. The thief had managed to break a door lock, opening the door without making much sound at all. The technique was to snap off the front of the lock and use a screwdriver to open the door: very quiet and very quick.
Hacking of new iPhone X biometric security offers lessons in user authentication
20-12-2017|Entersekt Editor

Hacking of new iPhone X biometric security offers lessons in user authentication

More companies are implementing mobile biometric authentication to increase security and reduce fraud. According to a recent report, the worldwide mobile biometrics market is expected to exceed $50.6 billion in revenue by 2022, growing from a base of $6.5 billion in 2016, but despite this growth, financial institutions and consumers harbor legitimate concerns about whether mobile biometrics actually delivers on its promise of improved security.
Convenience is the deal-breaker for the North American market
14-12-2017|Sherif Samy

Convenience is the deal-breaker for the North American market

This is an exciting blog post for me. It may be Entersekt’s last blog post for 2017, but it’s the first post I write representing the company in the North American region – an amazing, exciting market, with immense potential and challenging innovation and security needs.
What is regtech and why do we need to know about it?
07-12-2017|Alan Goode

What is regtech and why do we need to know about it?

In an attempt to reduce the ever-increasing burden on their compliance teams, financial service organizations are starting to turn to new technology solutions like machine learning and cloud computing. The collective name for these solutions that is now entering the industry vernacular is regtech, short for regulatory technology. In this blog, we will explore some of the potential use cases for regtech products.
Regulation, integration and push authentication: factors to consider in the run-up to PSD2
30-11-2017|Simon Rodway

Regulation, integration and push authentication: factors to consider in the run-up to PSD2

We are all familiar with the sound of our mobile devices pinging or vibrating to let us know that something has arrived that we might be interested in. There are now numerous methods employed by mobile operating system vendors and app developers to draw our attention to the fact that new content is available: everything from badges to banners, alerts and various other types of messages.
Open banking and PSD2 will create winners and losers
23-11-2017|Frans Labuschagne

Open banking and PSD2 will create winners and losers

With the Competition and Markets Authority (CMA) mandating UK retail banks to ‘open up’ and adopt the new principles of open banking, not to mention the impending introduction of the Payments Services Directive (PSD2) in January 2018, banks will soon be operating in a much more competitive environment than before. Without the right security to enable them to offer additional digital services, incumbent banks will struggle to compete against all the new entrants into their market.

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Entersekt is an international software development company based just outside of Cape Town, South Africa.

We are leaders in authentication, app security, and payments enablement technology, offering a highly scalable solution set with a track record of success across multiple continents.